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IMF Predicts 3.5% Growth In Serbia

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The International Monetary Fund predicts 3.5% growth in Serbia’s GDP this year, with 4% for 2023.

Serbia’s growth forecast for the current year is lower by 1.0 percentage point compared to the IMF’s projection made in October last year, when growth of 4.5% was projected, while the forecast for 2023 has remained unchanged.

In the new April report World Economic Outlook currently being presented, the IMF estimates that inflation in our country will amount to 7.7% this year, and 4.7% next year.

Serbia’s current account deficit is expected to increase to 6.1% in 2022, and to 6.7% next year.

The IMF expects the unemployment rate in Serbia to amount to 9.9% this year, falling to 9.7% next year, reports Tanjug.

The World Bank has also reduced its forecast for global growth for 2022 by almost a full percentage point, from 4.1% to 3.2%, “due to the impact of the Russian invasion of Ukraine”, said the international financial institution’s president David Malpass.

Read more...

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Malpass told a video news conference that the World Bank was proposing a new 15-month, 170 billion-dollar crisis financing programme in response to additional economic shocks due to the war, with about 50 billion dollars in funding over the next three months, according to Reuters.

The President of the World Bank stated that the new report on global economic prospects cut the growth forecast for Europe and Central Asia, including Ukraine, Russia and surrounding countries the most, by as much as 4.1%.

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